_________ which operate their own activities, a joint venture for specific purposes and use a company as a vehicle for the implementation of the joint venture. An example could be if a supplier and distributor are needed to enter into a contract for a large project. You can set up a joint venture company to conclude the contract. They want a shareholders` agreement defining their respective rights, obligations and obligations. 10.1. Shareholders are entitled to declare dividends or make other payments to shareholders. 1.13. Any reference to a party in this Agreement shall be applicable and binding on the liquidator or agent of that party, when that party is put into liquidation or seizure. This draft shareholders` agreement is updated in the new Companies Act, which entered into force on 1 May 2011. There is currently an amendment to this law that was recently signed, if you buy this template for shareholder agreements and change the changes to this document in some way, you will receive an updated version for free. The frequent errors of thought causing the delay in entering into shareholder agreements are as follows: (b) In the event that the shareholders agree to issue additional shares or securities converted into shares, each of the shareholders has the right to acquire the proposed securities at a future date in relation to their respective stake in the company at the time of such an offer. The issue of shares is carried out only by means of a proportional offer of preferential rights to all shareholders on that date. If a shareholder does not release his rights, it is presumed that he has renounced those rights vis-à-vis other shareholders who follow their rights in the same proportion as they follow their rights.

Shareholders agree that when a shareholder does not have the financial means to enforce his rights, the obligation to issue preferential rights does not constitute unjustified, unfair or unfair conduct. 2. (a) Without the unanimous agreement of all shareholders, the Company will not make any of the following diseases:i) issue additional shares of a class or securities 4.3. The shareholders shall take the necessary measures to amend the articles of association of the company so that they take account of the provisions of this Agreement. For those who are establishing a business in South Africa, it is important to consider the benefits of whether or not you need a shareholders` agreement. Please note that in the following information, the term "shareholders` agreement" is used in a general sense, since it also applies to those who participate in a Close Corporation, the only change being that it is called a "member agreement". 10.2. The shareholders shall ensure that the corporation pays dividends for each of its fiscal years.

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